RED BANK: HOVNANIAN HQ GOES FOR $42.5M
Hovnanian’s headquarters, at Maple Avenue and West Front Street, will become “HQ II” for OceanFirst Financial. (Photo by John T. Ward. Click to enlarge)
By JOHN T. WARD
In what may be a record-setting transaction for the borough, OceanFirst Financial paid $42.5 million in late October to buy the Red Bank headquarters of homebuilder Hovnanian Enterprises, redbankgreen has learned.